Shanghai Industrial Holdings Limited (00363.HK) sells Quanzhou assets for 2.053 billion RMB, accelerating focus on the Yangtze River Delta.

Zhtng Cijng APP news, Shanghai Industrial Holdings (00363.HK) announced that on July 18, 2025, the company's indirectly-owned subsidiary, Quanzhou Shangshi Investment, has entered into three sales agreements with Quanzhou Zhenyuan and Quanzhou Xinyuan. According to the agreements, Quanzhou Shangshi Investment agrees to sell Asset One to Quanzhou Zhenyuan for a price of RMB 96,247,300 (including taxes); sells Asset Two to Quanzhou Xinyuan for a price of RMB 1.15 billion (including taxes); and sells Asset Three to Quanzhou Xinyuan for a price of RMB 807 million (including taxes). These sales involve several assets owned by Quanzhou Shangshi Investment, including residential units, parking spaces, and land in Quanzhou, Fujian Province, China. The total price of these sales amounts to RMB 2.053 billion (including taxes).